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Business Protection Life Cover
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Flexible cover that protects against the loss of a shareholder, business partner or Key Person
Life Cover provides a lump sum cash payment if the person covered in your business dies or is diagnosed with a terminal illness (with a life expectancy of less than 12 months). The person covered could be a shareholder, business partner or Key Person.
Get more from your Life Cover
Life Cover is available on a fixed term or renewable term basis. If you select a renewable term at the end of 5 years you have the option to take out a plan for a further 5 years.
More cover whilst we assess your application
With our VitalityLife your business will receive free cover at no extra cost whilst the business is waiting for its application to be assessed.
More flexibility to suit your business' needs
We offer Life Cover on a level, indexing or decreasing basis.
- With level cover, your insurance is designed to stay the same over the life of the plan - it will only change if you change your cover.
- With indexed cover you can choose for your insurance to increase in line with the Retail Prices Index (up to maximum of 10%) or by 2%, 3%, 4% or 5% per year.
- With decreasing cover, your insurance decreases each month (in the same way as the outstanding capital on a repayment mortgage) at an interest rate that you chose between 5% and 15%.
More safeguards with our guaranteed insurability options
Our guaranteed insurability options allow you to increase cover for your business when certain events happen without giving us information about the health of the person insured. These events include a change in the value of a key person, an increase in the value of a partner or shareholder's interest in the business and a new or increased loan or mortgage.
Plus - Life Cover for people with HIV
We are the first mainstream insurance company to provide Life Cover for people with HIV, of up to £250,000 for a maximum of ten years.
Good Health is Good Business
Not all insurance is the same. Only at VitalityLife will you get the right level of protection and access to a great range of discounts and rewards that help you and your employees lead a healthy lifestyle.
Why Vitality Optimiser?
- Access to exclusive rewards for just staying healthy – From money off travel with BA or Eurostar, to a weekly cinema ticket and Starbucks beverage.
- Help save the business money - Your employees can affect the cost of premiums through their Vitality status. If they keep healthy, you could pay less on their policy.
- SME employee benefit package - Allows you to offer your employees wide ranging benefits to help them remain healthy, engaged and productive.
Need help exploring the right options to protect your business?
Call 03334149323 to talk to a business adviser today.
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Is my business at risk?
Our Business Risk Calculator can help you calculate the probability of one of your key employees dying before retirement age.
Calculate nowCalculate your Tax Savings
How much tax saving can you achieve with a Relevant Life Policy?
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